878 High Street Road, Glen Waverley, Vic 3150
Sold: $1,170,000 (03-23-2016)- hotel 3
- hot_tub 1
- directions_car 0
A fantastic investment with future development potential (STCA) is offered with this main road exposed property currently returning a rental income of $30,000 per annum with yearly increases of 5.00%, all outgoings are paid by the tenant that has been operating as a dentistry for many years.
Adjacent to a medical clinic and Kerrie Road shops meters from Glen Waverley Primary, Glen Waverley Secondary, The Glen Shopping Centre and with public transport at the door combined with easy access to Eastern and Monash freeways a great blue chip opportunity presents itself for one lucky buyer to reap the return and plan for the potential future development. Zoned; General Residential Zone - Schedule 2. Presently leased until 14th May 2018 with one further option of 3 years.
Due diligence checklist for residential property buyer- http://www.consumer.vic.gov.au/duediligencechecklist